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Feb 4, 2013
02/13
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host: some are not strategy as far as moving the debt ceiling ahead. guest: if they had gone ahead with it, it would have been politically cataclysmic. it was the worst percival -- worst possible ground to make their point. president obama 1. i think it's absolutely crucial for the future of the country that you cannot govern from the house. some house republicans, i am sympathetic to their concerns. their enthusiasm try to get in the battle is misplaced. you would have had high-stakes confrontation. in the end, you would have had republicans peeling off. but you would have been, at the beginning, bumping your chest, making all of these demands, saying we're not going to back down. at the end they would cave damn it would have gotten the worst of all possible worlds. there's a lot of frustration in the republican caucus that john boehner has to deal with. i think he did a pretty good job. host: peter wehner, senior fellow at the ethics and the policy center. if you want to find out more about his organization and his writing, visit their web site. comi
host: some are not strategy as far as moving the debt ceiling ahead. guest: if they had gone ahead with it, it would have been politically cataclysmic. it was the worst percival -- worst possible ground to make their point. president obama 1. i think it's absolutely crucial for the future of the country that you cannot govern from the house. some house republicans, i am sympathetic to their concerns. their enthusiasm try to get in the battle is misplaced. you would have had high-stakes...
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Sep 23, 2013
09/13
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a few more questions on how raising the debt ceiling works. robert january asks -- not raising it does not mean automatic the fault, not money is coming in to pay interest on debt, he says we should cut spending. can you talk about how that works? >> that is not the truth at all, if you do not raise the debt ceiling you will have enough money to pay interest, because interest payments happened to be very sporadic. money comes in and gets paid in larger and smaller chunks and the timing is not guaranteed at all, so it is incredibly risky because you do not know at which moment you would not be able to pay the interest on the debt. we would have default if we did not raise the debt ceiling. there is talk of prioritizing the money towards some things over other things, but those interest payments jump up and down, they cannot be smoothed at our own discretion. very risky territory. i do not think we should be talking about this at all. it is not the way to use which we do need to do, like dealing with our tax code. talking about default thing if
a few more questions on how raising the debt ceiling works. robert january asks -- not raising it does not mean automatic the fault, not money is coming in to pay interest on debt, he says we should cut spending. can you talk about how that works? >> that is not the truth at all, if you do not raise the debt ceiling you will have enough money to pay interest, because interest payments happened to be very sporadic. money comes in and gets paid in larger and smaller chunks and the timing is...
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Jan 18, 2013
01/13
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ceiling. the piece points out by mid february or early march the united states could face an unprecedented default unless it raises the debt ceiling. that was from tim geithner. further into the body of the "new york times" story i want to is share with you some of the numbers "the new york times" points out today. that could happen as early as february 15, if that happens by february 15 or early march, according to the by partisan policy center in analysis of what the government expects is $8 billion in revenue that day but it has $52 billion in spending that day, $6.8 billion in tax refunds, $3.5 in federal salaries, and $1.5 ode to military contractors and other commitments. consider again that day on february 15 f that is the day we reach the limit, the country would not have enough money to pay the bond holders let alone anyone else, more over analysts have raced questions about whether the treasury would be able to reprogram the ought mated payment system to prioritize some payments over
ceiling. the piece points out by mid february or early march the united states could face an unprecedented default unless it raises the debt ceiling. that was from tim geithner. further into the body of the "new york times" story i want to is share with you some of the numbers "the new york times" points out today. that could happen as early as february 15, if that happens by february 15 or early march, according to the by partisan policy center in analysis of what the...
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Oct 4, 2013
10/13
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debt ceiling. boehner speaking on ? guest: the caucus ar guest:behind the scenes, speaker john boehner, from what my context tell me, has always wanted to avoid default. he had meetings with members at the capital and talked about trying to get some fiscal package together to avert default. to use,is trying simultaneously, the debt limit as a leverage point trade he wants to get some sort of healthcare concession or tax reform concession from the debt limit heard but it is wanted is byt rate the problem signaling this privately in a godly to the new york times, a lot of conservative members think that boehner is in some ways caving ahead of the deadline or signaling his intention so that the country knows it will not default. something that boehner has to do with constantly and is not easy. editorobert costa is the is thewashington -- washington editor of the "national review" magazine. there is this picture, panic on capitol hill, of a woman who drove the car who was shot dead by capitol hill poli
debt ceiling. boehner speaking on ? guest: the caucus ar guest:behind the scenes, speaker john boehner, from what my context tell me, has always wanted to avoid default. he had meetings with members at the capital and talked about trying to get some fiscal package together to avert default. to use,is trying simultaneously, the debt limit as a leverage point trade he wants to get some sort of healthcare concession or tax reform concession from the debt limit heard but it is wanted is byt rate...
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Aug 13, 2013
08/13
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congress can say that if you want the debt ceiling increase, we can do that. we just made you stop some of the crazier levels of spending. that is 2.5 trillion spending restraint over a decade. as a result, we are seeing some reduction in the runaway growth. we need to do something similar with obamacare. , the the limitation massive new spending, all of the regulations, delay them for a year. that is take a look at where we are and then move forward. that is different than what senator ted cruz and republicans are saying, which is , under these negotiations, we want the president to the fund the health care law. frontingn favor of the -- of defunding the health-care law. i do not think the president can fix it. i do not think he ever intended to pass a completely flawed bill. majority of the marriage and people think we should get rid of this and replace it with something that is consumer friendly. not wage and price controls like richard nixon and world war ii. that does not work .for 2000 years wage and price controls have ended poorly wherever they have be
congress can say that if you want the debt ceiling increase, we can do that. we just made you stop some of the crazier levels of spending. that is 2.5 trillion spending restraint over a decade. as a result, we are seeing some reduction in the runaway growth. we need to do something similar with obamacare. , the the limitation massive new spending, all of the regulations, delay them for a year. that is take a look at where we are and then move forward. that is different than what senator ted...
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Aug 23, 2013
08/13
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sequester,s, on the if we were going to raise the debt ceiling, wasn't it supposed to bring down the debt of the united states, but yet it is still going up? host: looking for budget perspective there. guest: good question. it was supposed to bring down the debt level of the united states. it is doing that over the long term. but the reality is that each year the federal government is still running a budget deficit. as long as there is an annual budget deficit, then that total debt level will continue to go up rather than down. the budget control act is designed to try to get this federal budget closer to balance. it does seem to be looking -- doing that. if you look at charts, you will and 2010e gap in 2009 which is quickly closing up. but there will be debt for a long time to come, probably forever. many economists will say that. but it is still an issue and needs to be raised. host: on to kansas now. you are on with marcia howard. caller: when bill clinton was in program fortarted a people that were on welfare, mothers. they had two years to get some training and get off welfare.
sequester,s, on the if we were going to raise the debt ceiling, wasn't it supposed to bring down the debt of the united states, but yet it is still going up? host: looking for budget perspective there. guest: good question. it was supposed to bring down the debt level of the united states. it is doing that over the long term. but the reality is that each year the federal government is still running a budget deficit. as long as there is an annual budget deficit, then that total debt level will...
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Jan 2, 2013
01/13
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i voted to raise the debt ceiling, what i thought i would never do. i did it because it was part of the cut cap and balance. i'm willing to take difficult votes. we did not fix the problem. we prevented ourselves from going over the fiscal cliff. we dug the hole of the deficit deeper. i could see building for stuff i never thought i would vote for, but it has to fix the problem to host: john -- problem. host: john says the cliff was designed to force congress to act responsibility and it did not work. guest: he is not wrong. caller: i have a few words to say. - -- there is one thing that we actually need to do. these are my opinions. there is camouflage. what i mean by that is we need to cut spending true enough, who is making the sacrifices? we need to pay taxes, of course, because that is how the country will live and sustain itself, but if nobody is willing to make the sacrifice, pulling the wool over the american people's eyes, not addressing the real issues. the federal government has authorize all of these the lucrative contracts for corporation
i voted to raise the debt ceiling, what i thought i would never do. i did it because it was part of the cut cap and balance. i'm willing to take difficult votes. we did not fix the problem. we prevented ourselves from going over the fiscal cliff. we dug the hole of the deficit deeper. i could see building for stuff i never thought i would vote for, but it has to fix the problem to host: john -- problem. host: john says the cliff was designed to force congress to act responsibility and it did...
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Sep 21, 2013
09/13
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eye 97
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ceiling next week also. we are going to make sure that the country pays our debts. we are also going to make sure that the president's health care law will be delayed and also addressed the economy. we're going to put provisions like the keystone pipeline in the bill and say look this is going to create over 25,000 jobs. the president has listened to special interest and turn away those jobs for now. when we say yes to those american jobs and get our economy moving again? over tos feared passing the senate are showing that we are doing our job and fighting to keep government funded. you can hear more from representative steve scalise on sunday at 6:00 in the evening or do can catch it later on a website as well. if you want to see highlights from the house debate yesterday, information concerning a bill that on passed, all of our c-span website at c-span.org . also information that you can find in our video library, too. all of it together at c- span.org. "the hill" newspaper taking a look at this issue. fri
ceiling next week also. we are going to make sure that the country pays our debts. we are also going to make sure that the president's health care law will be delayed and also addressed the economy. we're going to put provisions like the keystone pipeline in the bill and say look this is going to create over 25,000 jobs. the president has listened to special interest and turn away those jobs for now. when we say yes to those american jobs and get our economy moving again? over tos feared...
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Jan 20, 2013
01/13
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eye 100
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caller tell why does it cost so much for an inauguration when the debt ceiling is so high? why not take those donations and put it towards the debt? guest: de $100 million or so that will be paid by the federal government, when you see the inauguration on television, you are not seeing a lot of that security. these professionals are prepared for all sorts of things to happen. metro in washington, d.c., will be running at rush-hour levels. all of this infrastructure needs to be constructed. host: a question about the money that people give, when you're asked how they could give money to organizing for action. will they be accepting donations? what will the money be used for? guest: they will take the donations and they said how it will be used to organize grass- roots democratic priorities. gun control is a great example. host: we will talk for a moment as the president's motorcade had for the national sert -- the national cemetery. the motorcade makes its way past the hour camera here. -- passed our camera here. >> you can leave your stuff right here. >> ok, do not worry. h
caller tell why does it cost so much for an inauguration when the debt ceiling is so high? why not take those donations and put it towards the debt? guest: de $100 million or so that will be paid by the federal government, when you see the inauguration on television, you are not seeing a lot of that security. these professionals are prepared for all sorts of things to happen. metro in washington, d.c., will be running at rush-hour levels. all of this infrastructure needs to be constructed....
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Mar 10, 2013
03/13
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eye 120
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people are going to start hearing more about the debt ceiling. it is probably going to kick in in july and august. host: 1 deadline we are watching is march 22. that is the continuing resolution. it is only in a couple weeks. guest: think everyone is tired of fiscal fight here in washington so there seems to be sentiment to move that forward to not try to completely undo the sequester. part of that may be modifying it, paying in particular for the military. having said that, sometimes these things have a way of becoming showdown's at the last minute. it does not look like we are heading in that direction. host: every time they go in there and tinker with the sequestered they get more flexibility. the greater the likely this questor stays in place. that is less reason to say these cuts are painful. if the government has the ability to place these cuts with some flexibility, the harder it will be for members of congress to say they are too painful. host: a caller is calling on the democrats online. go-ahead. caller: what i want to know is why these
people are going to start hearing more about the debt ceiling. it is probably going to kick in in july and august. host: 1 deadline we are watching is march 22. that is the continuing resolution. it is only in a couple weeks. guest: think everyone is tired of fiscal fight here in washington so there seems to be sentiment to move that forward to not try to completely undo the sequester. part of that may be modifying it, paying in particular for the military. having said that, sometimes these...
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102
Jul 28, 2013
07/13
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eye 102
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there is a lot going on here, government funding, healthcare, debt ceiling. explain how they might all come together in the coming months. all come together in nine glorious days in september. congress is here for another week, and then they go out for a month. and then they come back here that second week in september, be here for two weeks, then the house goes out, then they are back for a day, and then everything happens at once cared -- at once. that meansyear ends, government is no longer funded and less they can agree on something. and then sometime after after that, sometime between the first of october and the end of the year, technically the country runs out of money, and that is when a debt ceiling needs to be raised again. so all those things are happening at one time. what some would like to see is a grand bargain that includes raising taxes, cutting some entitlements, and spending cuts, but not to the level that was agreed to in the last fiscal cliff. in a 2011. at that time, congress agreed to two things. spending for the next 10 years, and two,
there is a lot going on here, government funding, healthcare, debt ceiling. explain how they might all come together in the coming months. all come together in nine glorious days in september. congress is here for another week, and then they go out for a month. and then they come back here that second week in september, be here for two weeks, then the house goes out, then they are back for a day, and then everything happens at once cared -- at once. that meansyear ends, government is no longer...
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91
Sep 24, 2013
09/13
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eye 91
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host: what should be done about the debt ceiling? thet: first of all, anytime president of the united states comes to congress asking for the authority to increase the debt burden on our children and grandchildren, that ought to be a serious discussion. that ought to be a debate. when we are facing the types of deficits we are facing over the next 30 years -- we do not have a 10-year budget problem. we have a 30-year demographic problem. the baby boom generation. politicians from both parties have made promise after promise, but they did not make the provisions for paying for those promises. as part of my work for the white house -- with the white house, we ran a rejection. we have always seen the hockey stick graphs. our most realistic number showed 30 year deficits of $107 trillion. it is primarily driven by medicare. three 6 trillion dollars in medicare, $11 trillion in social dirty 6 trillion dollars in medicare, 11 joined 36 trillion dollars in medicare, $11 trillion in social security. it starts with what we agree on. most peop
host: what should be done about the debt ceiling? thet: first of all, anytime president of the united states comes to congress asking for the authority to increase the debt burden on our children and grandchildren, that ought to be a serious discussion. that ought to be a debate. when we are facing the types of deficits we are facing over the next 30 years -- we do not have a 10-year budget problem. we have a 30-year demographic problem. the baby boom generation. politicians from both parties...
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Oct 20, 2013
10/13
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eye 94
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they say the debt ceiling is suspended. does that mean there is no debt ceiling? does that mean they can spend have whatever they want? how high can they go? have a already exceeded the previous debt limit with their spending? it,an, if they suspended then there is not, right? guest: that would be our interpretation as well. i don't think there is momentum to greatly inflate that number, but you are right -- that is how we would have interpreted the legislation as well. next, plainview, new york, recalled to my. caller: -- republican line. caller: good morning. at one point does it limited ted debt,unlimi expanding the debt, become a danger to our economy? or less.owing at 2% the real unemployment rate is not 7% because the ratio changes when people drop out of the workforce or perhaps it is what i have heard at estimates, 12% to 15%. given those figures, how can we afford unlimited debt? becoming a debtor nation that cannot pay back these debts, particularly when interest rates rise, how is that going to affect our country? also, could you explain what monetizing
they say the debt ceiling is suspended. does that mean there is no debt ceiling? does that mean they can spend have whatever they want? how high can they go? have a already exceeded the previous debt limit with their spending? it,an, if they suspended then there is not, right? guest: that would be our interpretation as well. i don't think there is momentum to greatly inflate that number, but you are right -- that is how we would have interpreted the legislation as well. next, plainview, new...